The round was led by Edison Partners with participation from MissionOG, OCA Ventures, Timberline Venture Partners, Northwestern University, and technology entrepreneur Jeremie Bacon.

The company intends to use the funds to support growth and drive product innovation.

Led by Josh Smith, CEO and co-founder, Solovis provides a foundations, endowments, pensions, OCIOs and family offices with multi-asset class portfolio management and reporting solution that generates detailed, transparent reports in real-time. The platform can analyze and model data across multiple portfolios, relationships and pools of capital then deliver automated, consolidated reports that empower investors spanning their front to back office.